FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus found unusual trading patterns over the past five days as FTX was gating customer withdrawals. Most irregularities had to do with digital collectibles, known as NFTs. The patterns suggest "desperate" customers were turning to FTX users in the Bahamas for help, according to Argus. related investing news Art Cashin says markets will likely re-test the lows after Thursday's 'borderline miraculous' rally Jesse Pound a day ago Bitcoin will fall further, says fund manager — until this one catalyst kicks in Ganesh Rao 2 days ago The now-bankrupt global crypto currency exchange is only allowing withdrawals in the Bahamas after halting FTX liquidations everywhere els...